GSA - Global Student Accommodation’s Post

Will Nottingham's HMO's Survive PBSA's??? After A-level results day and the clearing process, many landlords and estate agents are facing a daunting reality: the influx of new PBSA units is significantly impacting their HMO rental market certainty. Nottingham's student housing market is undergoing a significant transformation, driven primarily by the rapid development of Purpose-Built Student Accommodation (PBSA). According to recent data, there are approximately 8,500 PBSA bed spaces planned or likely to be approved, with an expected delivery of around 3,000 bed spaces in 2024/25 and over 5,000 bed spaces in 2025/26 (Student Accommodation in Nottingham, Nottingham City Council 2024 January) . This surge in PBSA supply has several implications for the HMO market: Increased Competition: HMO landlords will face increased competition from PBSA providers, which often offer modern amenities, dedicated facilities, Prime locations, and professional management. Shift in Student Preferences: Many students are increasingly attracted to the convenience, security, and social aspects of PBSA. Potential for Overhang: If the pace of PBSA development outstrips student demand, there could be a risk of an oversupply, leading to lower occupancy rates and reduced rental income for HMO landlords which is what we are starting to see now. Let me know your thoughts??? #HMO #Nottingham #PropertyInvestment #StudentAccommodation #Landlord #EstateAgent #HousingMarket

** Sharing your home ** An HMO refers to a home which is shared by three or more people, however, a Student HMO is occupied by students only. There are several benefits to owning a Student HMO, as well as several legislations to adhere to. Landlords, read this guide: https://lnkd.in/exR5bKCs Looking to buy, rent or sell? Contact us: +44 (0) 1902 504455 / info@halleuk.com #studenthousing #hmo #hmoproperty #hmomanagement #landlordtips #landlordsuk #uklandlords #ukstudents #landlordadvice

𝑻𝒉𝒆 𝒈𝒂𝒑 𝒃𝒆𝒕𝒘𝒆𝒆𝒏 𝒔𝒕𝒖𝒅𝒆𝒏𝒕 𝒂𝒄𝒄𝒐𝒎𝒎𝒐𝒅𝒂𝒕𝒊𝒐𝒏 𝒈𝒖𝒂𝒓𝒂𝒏𝒕𝒆𝒆𝒔 𝒂𝒏𝒅 𝒂𝒗𝒂𝒊𝒍𝒂𝒃𝒍𝒆 𝑷𝒖𝒓𝒑𝒐𝒔𝒆-𝑩𝒖𝒊𝒍𝒕 𝑺𝒕𝒖𝒅𝒆𝒏𝒕 𝑨𝒄𝒄𝒐𝒎𝒎𝒐𝒅𝒂𝒕𝒊𝒐𝒏 (𝑷𝑩𝑺𝑨) 𝒉𝒊𝒈𝒉𝒍𝒊𝒈𝒉𝒕𝒔 𝒂 𝒄𝒓𝒊𝒕𝒊𝒄𝒂𝒍 𝒊𝒔𝒔𝒖𝒆. While 3,100 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞 𝐛𝐞𝐝𝐬 have been consented post-Plan, 2,300 𝐛𝐞𝐝𝐬 are still awaiting a decision. At the same time, 111,000 𝐬𝐭𝐮𝐝𝐞𝐧𝐭𝐬 are guaranteed accommodation, far exceeding the current PBSA availability. Dive into our report for an in-depth analysis of these figures and what they mean for the future of student housing. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐡𝐞𝐫𝐞: https://lnkd.in/gpi9KH8u #StudentHousingCrisis #PBSAGap #StudentAccommodation #LondonPlan2024 #HousingShortage #StudentLife #PurposeBuiltStudentAccommodation #HigherEdHousing

Purpose Built Student Accommodation (PBSA) rents continue to rise, with an average 9% price growth across all room types from Semester 1 2023 to Semester 1 2024. Urbis has tracked PBSA rental growth across Australia over the last decade with key insights for 2024 including:    - Sydney students are paying a 25% premium compared to Melbourne and Brisbane  - Queensland recorded the highest annual price growth, 13% in Brisbane and 18% on the Gold Coast  - One and two bedroom PBSA has seen the largest rent increases; suggesting students are willing to pay a premium for privacy    PBSA is still affordable when compared to new apartment rentals (one bedroom or studio apartments). This is especially true for the Gold Coast where PBSA rent is 58% less than the rent of a newly built one-bedroom apartment. With the majority of PBSA on the Gold Coast being 10+ years old, demand in the area continues to grow, and Griffith University recently committed to expand their Southport campus to 1000 beds.    Any questions or comments? We’d love to hear from you. Get in touch with one of our experts to talk all things Student Housing.    Alex Stuart, Alexandra Lane, Chehade Sakr, Declan Foley, Kelly An, To Tran Thai, Mitchell Rae   #cityshaper #StudentHousing #StudentAccomodation #Education #InternationalStudents #Insights #Data 

Student Housing Consultancy PBSA Rent Launch Tracker Saturday 12th October This is a direct appeal to any PBSA operators launching rates. If you could give us a heads up on your launch date that would be much appreciated. There are 125 operators that we have to keep tabs on and we check each website every day until we see 25/26 rents launched. We have our first release from an operator but it’s only one property: iQ Student Accommodation - Coventry. We’ve probably missed a few too. I assume that many operators are already out to rebookers in locations where they need to compete with the HMO market and attract UK students. There will also hopefully be some incentives early in the market like the £400 cashback in Coventry rather than a fire sale at the end of it. I think this is a good strategy from IQ in a city where I suspect the average PBSA occupancy across all PBSA is less than 70%. It’s important to get ahead as early as possible. I think this early rent launch is a trend we’ll see more of as locations become more mature. Enjoy the weekend. I’m at the Mevagissy Sea Shanty Festival if anyone happens to be down here 😂. This group played at our wedding and we absolutely love them - Barrett’s Privateers. See you all here next year. 😁 #pbsa #studentaccommodation #studenthousing #rents #intled #coventry

"Despite a serious lack of student housing in many UK towns and cities, average purpose-built student accommodation occupancy in Coventry last year was 70%, according to property search and data platform, StuRents." Great to be featured in this article about the financial challenges faced by Coventry University. The potential decrease in international students to the UK could pose serious challenges to the higher education sector. These challenges will likely have a ripple effect on student accommodation, influencing occupancy rates, pricing strategies, and the dynamics between universities, students, and accommodation providers. #studentaccommodation #studenthousing #pbsa #hmo #coventry #internationalstudents

A new year is upon us, and with it comes new challenges and opportunities for the student accommodation market. We've forecasted some upcoming trends you can expect to see over the coming months. 🛏 Limited supply growth 📈 Increase in planning activity 💷 Rising rents You can read the full piece below. ⬇ #studentaccommodation #studenthousing #pbsa #hmo #highereducation

Despite the widely publicised ‘Trussles’ of the market in 2023, at FHP & FHP Student Living, we still saw some landmark deals being done in the Student Sector with a range of single asset sales from private landlords through to large portfolios of HMO housing. Major highlights included; -         22 House / 112 bed HMO portfolio in Lenton -         5 House / 26 bed HMO portfolio in Lenton -         Acquiring a 420 bed site in Beeston for the Cassidy Group The year ended with us selling c. £12m of Student Assets at a blended average of £75,100 per bed space and a yield of 7.98% The Sunday Telegraph recently featured Lenton in Nottingham in their top 10 places for buy to let investments with Lenton, on the doorstep of the University of Nottingham, boasting an average rent of £1354 pm and average asking price of £195,000, an average yield of above 8% and a 5 year bounce in prices of over 80%. The picture being painted for Lenton & Nottingham is backed up by a student population of nearly 90,000 and 2 regularly well performing universities, a growing economy and rising house prices. Investment in NG1 areas have also been averaging over an 8% yield but with a lower 5 year price bounce of 33%, this areas could be a great area to buy low, in anticipation of price rises once the Island Quarter and Broadmarsh projects materialise. I currently have the following available in Lenton for sale; -         4 bed HMO on Cottesmore Road -         6 bed HMO on Teversal Avenue -         41 bed PBSA asset on Ilkeston Road Contact me directly if you want more info! Hope everyone has a great year and the market bounces back! 2024 – Here we go!! #invest #studenthousing #studentaccommodation #studentHMO #hmo #hmoproperty #HMOinvestment #nottingham #studentinvestment #notts #nottinghamstudents #yield #PBSA

Rents at purpose-built student accommodation (PBSA) are continuing to rise at above inflation rates across Europe and look set to grow with occupancy rates high and major destinations undersupplied, according to research on the student accommodation sector. With rental growth expected to stay ahead of inflation in most countries, student housing stands out as one of the most attractive investment opportunities on the market. “High and rising PBSA occupancy rates across the majority of European cities underscore strong student demand, which enables the market to comfortably accommodate an average rental growth of five-to-eight per cent,” said Martin Varga, Real Estate Business Development Director at Bonard. #QIP #UK #pbsa #realestate #privateequity #livingsector #alternativeinvestments

City student accommodation provider reverses 30% fee hike following criticism. The latest headline from Ireland should cause a little concern in some locations in the UK. Mainly about what can happen if student unions apply enough pressure to accommodation operators. Hubble Living in Galway were planning a renovation of certain room types and had raised prices accordingly maybe to fund the renovation works or possibly as a commercial decision given the short supply of quality PBSA in Galway. Either way, the University of Galway SU president Dean Kenny went public in a big way to draw attention to this. I wonder what would have happened if the SU presidents in Glasgow, Bristol, Durham, York had been quite so consistently vocal about this issue. There are many properties and even cities where prices have increased by 20%+ this year. That’s across HMO and PBSA. In fact on some room categories I saw 50%+ increase in Glasgow across several buildings and room categories. For this year though it feels like the horse has already bolted though and any negative PR would likely have come on rates being released last year. I also wonder how organised Student Unions are when it comes to collecting rent increase data from local city PBSA and HMOs so they can track their markets and local bed stock. I’m sure the student accommodation or estates departments at universities track this to ensure their nominations or commercial housing partnerships are kept in check and most nominations have a ‘cap and collar’ clause to ensure rents can’t rise exponentially. However the estates department are unlikely to run straight to the press if they spot 30% rent rises as they may actually need that stock at some point. Personally I don’t think we’ll see next year’s rent increases anywhere near those we’ve seen in the last two years, in part because I think this year will be a lot tougher than the last across the board. #pbsa #studentaccommodation #studenthousing #ireland #galway #intled #highered #realestate